Dec 23, 2012 11:00pm EST
to may point republicans are hammering. >> the u.s. economy is estate here. millions of families are counting on us to do something. look. it is the president's job, his job to find a solution that can pass the congress. he is the only one you can do it >> the president's response has been to make clear, he is already compromising. >> during the course of these negotiations i offered to compromise with republicans in congress. i met them halfway on taxes and and i met them more than halfway on spending. >> and the president addressed as in the briefing room tonight, he urged lawmakers to go home for christmas. mae even drink a little bit of eggnog, calmed down, cool off, week in order to try to work all this out. the president now headed to ally himself to spend christs with his family. on his way out the door he told us, see you next week whhch means he is coming back before new year's eve in order to deal with this mess. lou: was named david axelrod who said see you later. it turns out mr. obama was paying attention. ed henry, fox news chief white house correspondent. president oba
Dec 24, 2012 1:00pm EST
looking at, given the outlook and not just the u.s. consumer, but now you talk about sales in china just started, there's a lot of catalyst and the stock is cheap. david: despite your pessimism of what might happen in the economy, you're optimistic about what's happening with homebuilders. yowe think this is a real burste are seeing, one that will last? >> i agree, pointed homebuilders enjoying a nice ride and you are seeing that, it was priced into the market probably two quarters ago, but it will continue and i think that part of the economy will help out over the homebuilders themselves but investors in the market. david: continued for how long? >> my sense is throughout 2013. you can really count on this resurgence from the home building sector. lori: gary, remaining time, what is your preferred asset allocation? >> right now we are allocating model the balanced portfolio to be about 43% equities split equally between domestic and foreign. we're about 15% traditional bonds, 30% non-traditional bonds. and we're about 10% of real assets, energy, precious metals. about 2% cash. lori: gr
Dec 24, 2012 5:00pm EST
running shoes for stilettos. a former u.s. olympian turn as high-priced hooker. the revelation is exposes a business that is virtually untouched by the law. "piles of money" coming up. ♪ . up. ♪ i look up to a lot of the older heads, you know, the innovators, the heads of the art movements of the past. they kept it really edgy, and, like, a lot of the latin american muralists and the latin american artists, their styles are very unique and new to their time, you know, somewhat controversial, but that's who i look up to mainly. personally, i'm very excited about going to college. it's something new, and it's something different than what i'm used to. i'm definitely going to be a little out of my element, but that's what makes it so exciting is that, you know, it's something fresh. well, there's so many opportunities that i think i could miss out on if i didn't go, you know. getting into college takes planning and vision. you know, it's just like when i take a brick wall and turn it into a canvas for my art. painting's helped me realize i've got what it takes. ♪ music body lan
Dec 24, 2012 12:00pm EST
the worst performing u.s. stocks today even though the drug developer got fda approval friday for mental health treatment drug. analysts say ther this seems toa disconnect between the realities of approval from the fda and exactly what that means. shares are down nearly 14% after having just jumped 50% in five weeks. shares are down more than 30% this year. there's been a wild ride to say the least. let's send it over to david asman and lori rothman. david: thank you very much. the market is down once again the end of a trading day. a quick trading day today because ending at 1:00. some very interesting movement of individual stocks. lori rothman. lori: merry christmas, everybody. david: talk about retail, everybody is talking about retail. we will be talking a little bit later on with adam shapiro following it directly, but jcpenney, everybody was assuming their model isn't working, we don't understand how the discount works, but the stock took off today down a little bit but at one point over 4%. speaker that is because they basically said they are doing a lot of promotions at j
Dec 24, 2012 2:00pm EST
-- we give our 2012 to the masterminds of marketing. plus, running shoes. a former u.s. olympian turned high-priced hooker. the business is virtually untouched by the law. more "money" coming up. ♪ how do traders using technical analysis streamline their process? at fidelity, we do it by merging two tools into one. combining your customized charts with leading-edge analysis tools from recognia so you can quickly spot key trends and possible entry and exit points. we like this idea so much that we've applied f a patent. i'm colin beck of fidelity investments. our integrated technical analysis is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ [ male announcer ] a full life measured in seats starts with the right ones early on. car crashes are the number one killer of children 1 through 13. learn how to prevent deaths and injuries by using the right car seat for your child's age and size. ♪ melissa: making good progress. so who could forget fearless felix, the skydiver who broke the s
Dec 24, 2012 11:00am EST
in u.s. vessels right now that some of the gasoline that might ordinarily come to the other parts of the country is going to places like nigeria, asia, europe, you name it, and that's unusual and it has to do with a shortage of american flag vessels. dagen: i'm surprised politicians aren't talking about that. but instead they are trying to deal with the tax increases and spending cuts. if they don't get a deal done on that, will we see any impact in the crude and also the gasoline markets? >> oh, absolutely. if the fiscal cliff, if we go off of it, i think we will see crude oil prices come down substantially. my thought is though if we don't do that, if we have a short-term fix, that you will see a lot of hot money come back into the market and park itself in commodities and oil is always a favorite. so if you're rooting for the fiscal cliff, you might be rooting for lower gas prices, but you're probably rooting for lower unemployment, you know, lower income and a lot of other things as well. dagen: tom, if you're rooting for the giants, i know it was a rough day, but if it makes you
Dec 24, 2012 10:00am EST
headed towards the fiscal cliff and if congress doesn't act soon the the u.s. economy could take a nosedive right off it. all this have comes as capitol hill, could a value-added tax be in the pipeline? are we slowly turning to europe. david, good to see you. and we already see us moving in terms of spending to the european model. will we move in terms of tax policy to the european model, specifically to a value-added tax like they have in most of europe? >> personally i think we should. >> on top of what we have, on top of an income tax. >> we need to cut back and what i would cut back is replacement for the medicare tax, but also, corporate tax rates should be part of the deal, too. >> what frightened milton friedman the value added tax. there's no way it would replace it, it would always be tacked on top of other tacks and look at the history and that tends to be the way we go. >> although when the europeans brought it in they did cut the other taxes. >> that didn't last long and we've seen them come up recently. >> and it's going to continue because they've got budget problems.
Dec 24, 2012 9:20am EST
criticize the u.s. for not being green enough. we try to level the playing field with a leading environmentalist. stay tuned.
Dec 23, 2012 10:00pm EST
u.s. thank you for joining us. we wanted to a happy story in the charity area, and you are providing that tonight. i know everyone has heard of the uso, but the adult think everyone knows exactly what you do. help us understand. >> it's great to be here tonight, and thank you for having a sign. a uso was founded over 70 years ago by franklin delano roosevelt with the expressed purpose of lifting the spirits of troops and families. now, while we tend to focus on our constituents, which is our 2 million military members and are several million family members, we focus on, to a large degree, for groups that need us most. at think everyone would recognize these. deployed troops, those that are serving in harm's way, taking care of and protecting the freedoms that we enjoyed elite. the second group that we take care of and focus on other families of the deployed and particurly those that have had to deal with multiple the bonds. we also focus on our wounded, el, and injured service members as well as families of the fallen. those are the people we were kardashian and not to take care of.